RE: RE: EOIM et al.Couple of things HHdoc... the low estimate for contingent oil resource is only about 1 million barrels, which means
they have no idea as the result of seismic. Seismic does not read hydrocarbons.
Note that their presentation says geological risk at 63%. Again, this is an ambiguous explanation for
risk as " geological " does not mean oil. It means they expect to find the formations as they believe. In no way does it mean 63% chance of finding commercial quantity of oil.
You can use the 63% multiplied by the risk of finding oil, multiplied by the risk of development. It is below 10%. EOIM has stated that he is a geologist... so he would know this. By carrying on the charade, he is guaranteeing that
at least his information... is a scam. You will notice that none of the three muskateers mention that the oil
column of the 75 year old well was determined to be too small to be commercial. In fact, they exaggerate the
number by a factor of 4.
Maysteeler pumps companies that are pre-spud... as if first spud is a big deal. Only the inexperienced get
fooled as drilling usually takes a year before any relevant data is released. Just use VST and WZR as examples.